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Macquarie is looking for help from Blackstone for BAA bid

Macquarie, the Australian bank, has approached Blackstone, the US private equity group, about joining a consortium bid for the British airports operator BAA.

The US firm is to decide its next move at a board meeting today. Macquarie has been touted as a potential bidder for BAA for weeks after an announcement last month by Spain's Ferrovial, the construction company, that it might bid. Ferrovial has got most of its consortium team in place, while Macquarie is still at an early stage.